JOB PURPOSE
Lead the Company's Covered Warrants business end-to-end, including product development, issuance, pricing, market making, hedging, trading, risk and P&L management. Develop and expand the Company's capabilities in equity derivatives, including Futures, Options and other derivative products.
KEY RESPONSIBILITIES
- CW Business Management: Develop and execute CW business strategy; oversee product selection, structuring, issuance and product lifecycle based on market demand, liquidity, risk and profitability.
- Market Making & Hedging: Lead market making and trading activities; develop pricing, trading and hedging strategies; monitor positions, liquidity, P&L and key Greeks.
- Pricing & Quantitative Modeling: Develop and improve pricing, valuation and risk models; apply appropriate quantitative methodologies; leverage technology and data to enhance pricing, trading and risk management.
- Futures, Options & Derivatives: Utilize Futures and Options experience to support the development of new equity derivative products; evaluate product feasibility, pricing, trading, hedging and risk; identify cross-product opportunities.
- P&L, Risk & Governance: Take ownership of business P&L; manage market, liquidity, model, basis and concentration risks; ensure compliance with regulatory requirements, internal limits and risk controls.
- Product & Business Development: Develop products, improve liquidity and expand the Company's derivatives business.
- Team Leadership: Build and lead a high-performing CW & Derivatives team; establish trading mandates, risk limits, performance standards and develop team capabilities.
JOB REQUIREMENTS
- Bachelor's or Master's degree in Finance, Economics, Mathematics, Financial Engineering, Quantitative Finance, Statistics, Computer Science or related fields.
- 5 - 8+ years of relevant experience in Covered Warrants, Equity Derivatives, Futures, Options, Structured Products, Market Making, Proprietary Trading or Quantitative Trading.
- Experience leading a CW/Derivatives trading desk is preferred. Candidates with strong Futures & Options experience and solid knowledge of CW pricing, market making and hedging are also considered.
- Strong knowledge of derivatives pricing, hedging, market making, trading and risk management.
- Experience with Black-Scholes or other option pricing models; quantitative programming skills in Python, R, VBA, SQL or similar are preferred.
- Relevant securities/derivatives practicing certificates in accordance with applicable regulations. CFA/FRM is an advantage.
- Strong leadership, analytical and quantitative skills; high ownership, risk awareness, integrity and ability to make timely decisions in a fast-moving market environment.